He could paint with the best of them. He could lie
even better. Wolfgang Beltracchi fooled the experts for decades in an art
scam that netted him and his partners millions of dollars. Those experts hate
him, he says, because he was too good for them to catch. Yet many art experts
acknowledge he is the most successful art forger in this and, perhaps, any
other time in history. Beltracchi talks to Bob Simon and shows him how he
created the works and the provenances that conned the connoisseurs for a 60 Minutes
story to be broadcast Sunday,
Feb. 23 at 7 p.m. ET/PT.

Beltracchi, schooled and talented, painted works supposedly by artists like Max
Ernst, Raoul Dufy and Fernand Leger. But he didn't copy the artists' known
works; he painted originals -- what he thought they might have painted if
inclined. Thus, he created new, previously undiscovered works by old artists,
aping the strokes of the artists so perfectly no one could tell they were
fakes. He also forged works that had once existed but had disappeared
for years. He fooled even the best experts by carefully using the canvasses and
paint available in the period and creating authentic-looking, aged dealer
labels. Beltracchi also had a good story: his wife's grandfather had
hidden his art collection away before WWII, after the war, she inherited it and
that is where all these unknown works by famous artists suddenly appeared from.

His fakes wound up in catalogs, in museums and on the walls of the rich; he
eventually wound up in jail. But he might still be running his scam today if
not for a certain pigment not available when some of these works would have
been painted. The white pigment was not listed on a label of a paint tube
Beltracchi used and so, his jig was up. "Yes, I use the wrong titanium
white," jokes Beltracchi, when asked if he thinks he did anything wrong.

Jamie Martin, a top forensic art analyst, says of Beltracchi: "His
fakes are among the best fakes I've seen in my career. Very convincing.
Very well done." Martin says if forensic experts had examined the
works more closely, perhaps he would have been unmasked earlier.

That doesn't make the galleries, auction houses and their experts, some of whom
have been sued by those who bought Beltracchi fakes, feel any better.
"They all hate me, these experts now," says Beltracchi.
He says they were good, but no match for the master. "[The experts]
were... really serious, their only problem was I was too good for them,"
he tells Simon.

At his trial, prosecutors said he created 36 fakes which sold for $46 million.
German police believe Beltracchi and his co-conspirators made at least
$22 million on the scam. But what may be the biggest art scam of
all time is not really over. Beltracchi says there may be more than 300 of his
fakes still out there. German police have found just 60 so far. Jeff
Taylor, who teaches arts management at Purchase College and believes Beltracchi
to be the most successful forger ever, says his fakes, like those of his
predecessors, will be around for a long time. "They have a strange way of
finding their way back onto the market, generation after generation."